
Paso Robles, California 93446
Analysis of 1985 Penman Springs, Paso Robles, California 93446 is currently available with a list price of $2,900,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Paso Robles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Built in 2002, this luxury estate is move-in ready and appears well-maintained. The residence features high-quality architectural details including vaulted ceilings, expansive windows for panoramic views, and a dedicated primary suite with an ensuite bath. While the property is approximately 24 years old, the description of it as an 'extraordinary' and 'fully established' winery suggests that major systems and interior finishes have been kept in good condition with minimal wear and tear, requiring no immediate renovations for occupancy.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 1834747, living area = 3634.
The offering includes the established Penman Springs Vineyard brand, all inventory, and operational assets, providing a rare, seamless transition for an owner-operator or investor.
With 29± acres of high-demand varietals like Cabernet Sauvignon and Petit Verdot, the estate offers immediate production potential and significant long-term value in a coveted Paso Robles location.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1834747, other record lot size in square feet = 1693425. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3634, other record living area = 1604.
Managing a 42-acre winery and vineyard requires specialized knowledge and significant labor, which may be a deterrent for buyers seeking a purely residential lifestyle.
The vertical separation of the primary suite on the upper level and all guest bedrooms on the lower level may feel disconnected for families or those preferring a more integrated living arrangement.
An extraordinary opportunity to own a fully established winery business and vineyard estate in one of Paso Robles’ most coveted locations—just minutes from downtown yet immersed in sweeping vineyard views and serene countryside living. Set on 42± acres, this remarkable property includes the Penman Springs Vineyard brand, all inventory, and operational assets, offering a seamless transition for the next owner. Approximately 29± acres are planted to premium varietals, including but not limited to Cabernet Sauvignon, Petit Verdot, and Merlot, creating both immediate production potential and long-term value. At the heart of the estate is a 3,600± square-foot residence featuring 3 bedrooms, 2.5 bathrooms, an office, cellar room, and bonus room, thoughtfully designed to embrace both comfort and architectural distinction. The primary suite occupies the upper level, showcasing an open-concept layout with a private lounging area, walk-in closet, and ensuite bath. Vaulted ceilings, a fireplace in the living room, and walls of windows frame panoramic vineyard views from nearly every room. All guest bedrooms are located on the lower level, offering privacy and functionality. A wrap-around deck invites you to relax and take in the sun-soaked vistas, while a three-car garage provides ample storage and convenience. The property includes a tasting room, public restroom, temperature-controlled cased goods storage, and inviting paver patios designed for guest enjoyment and events. Supporting infrastructure includes four wells, two septic systems, and a detached 1,200± sf workshop/barn, offering versatility for agricultural or creative use. This rare offering is ideal for the vineyard enthusiast seeking to live and operate their own winery, or as an exceptional estate residence with the potential to lease out the vineyard and tasting room for additional income. This is a truly special Paso Robles estate where lifestyle, legacy, and opportunity converge.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 3,634 | 1,776 | 97% |
| Lot Size | 1,834,747 | 8,926 | 98% |
| Price | $2.90M | $780.0K | 98% |
| Price per sq ft | $798 | $456 | 98% |
| Built year | 2002 | 1991 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 175 | 1% |
Mar 13, 2026
$2,900,000
Initial Listing
Aug 13, 1996
$625,000
Public Record
Sep 16, 1994
$475,000
Public Record